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5116 Towne Ave, Los Angeles, CA 90011
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5116 Towne Ave Los Angeles, CA 90011

$650,000
  • 4 Beds
  • 2 Baths
  • 1,680 Sq.Ft.
For Sale
$650,000 Get Pre-Qualified
Map preview of 5116 Towne Ave, Los Angeles, CA 90011

Property Overview: 5116 Towne Ave Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,680 living square feet and 4,457 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Great investment opportunity! 2 houses on a lot. Both are 2 bed/1 bath. Private backyard and parking area. Separate meters. Back unit has more yard space. Only a couple blocks from South Park and Dr Maya Angelou High School.

Listed by Anthony Amodeo | BRE #01016554 | Better Homes and Gardens Real Estate
Last checked: 9 minutes ago | Last updated: March 2nd, 2024 | Source CRMLS | DOM: 45
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Home details

Lot Sq. Ft
4,457
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Duplex
Status
Active
MLS#
DW24034381
City
Los Angeles
County
Los Angeles
Time on Site
68 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,375
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $2,452
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $33,000
  • Net Operating Income: $25,500
  • Gross Operating Income: $33,000
  • Vacancy Allowance: $0
Annual Expense Breakdown
  • Total Operating Expense: $7,500
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $2,500
  • Insurance: $2,500
  • Water/Sewer: $2,500

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Property Details for 5116 Towne Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Fireplace Information
  • Has Fireplace
  • Kitchen, Living Room
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5109023019
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
  • Is a Senior Community
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Left on Avalon left on Towne
Neighborhood Information
  • Community Features: Suburban
View more facts & features

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Sale History for 5116 Towne Ave

Last sold for $134,000 on January 15th, 2010

  • March, 2024

  • Mar 1, 2024

    Date

    Active

    CRMLS: DW24034381

    $650,000

    Price

  • December, 2022

  • Dec 1, 2022

    Date

    Expired

    CRMLS: RS22090209

    $635,000

    Price

  • May 3, 2022

    Date

    Active

    CRMLS: RS22090209

    $635,000

    Price

  • Listing provided courtesy of CRMLS

    FIRST TIME BUYERS!! This property is 2 houses bungalow style both 2 bed/1 bath with private backyard and parking area. Both units have separate water heaters, electric meters and gas meters. Back unit has laundry hookups, newer water heater, and larger front yard/backyard. This property is located walking distance from the South Park and Maya Angelou High School.

  • July, 2021

  • Jul 13, 2021

    Date

    Expired

    CRMLS: DW21018943

    $589,000

    Price

  • Mar 30, 2021

    Date

    Price Change

    CRMLS: DW21018943

    $589,000

    Price

  • Mar 23, 2021

    Date

    Price Change

    CRMLS: DW21018943

    $599,000

    Price

  • Feb 3, 2021

    Date

    Active

    CRMLS: DW21018943

    $610,000

    Price

  • Jan 29, 2021

    Date

    Coming Soon

    CRMLS: DW21018943

    $610,000

    Price

  • Listing provided courtesy of CRMLS

    SELLER CARRY OPPURTUNITY! Tremendous opportunity to own a charming 1920's, 2 units located in a great upcoming Los Angeles location! Walking distance from shopping and Maya Angelo Community Collège, these 2 units with individually fenced, private patios and original period details will appeal to both investors and owner users alike. The each unit consists of side by side, 2 BR, 1 BA units with tons of potential. Don' miss out on this opportunity. . Rents and expenses will be available upon request.

  • January, 2010

  • Jan 15, 2010

    Date

    Sold (Public Records)

    Public Records

    $134,000

    Price

  • May, 2004

  • May 4, 2004

    Date

    Sold (Public Records)

    Public Records

    $215,000

    Price

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Tax History for 5116 Towne Ave

Assessed Value (2020): $309,345
Year Land Value Improved Value Assessed Value
2020 $150,718 $158,627 $309,345

Home Value Compared to the Market

This property vs the competition

5116 Towne Ave is listed 47.41% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $386.9 per/sqft which puts the price per square foot 49.95% lower than the median price per square foot for the city of Los Angeles.

About 5116 Towne Ave

Detailed summary of property

5116 Towne Ave is a duplex located in Los Angeles, CA 90011 and is currently for sale. This duplex offers 4 bedrooms, 2 bathrooms, roughly 1,680 living square feet, and sits on an approximately 4,457 square foot lot. 5116 Towne Ave was first listed on ArdentRealEstateGroup.com on February 19, 2024. The homeowner is currently asking $650,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 47.41% lower than the median priced home. Local competing homes currently for sale include 242 W 46th St, 1121 E 55th St and 424 E 61st Street. While the average home in Los Angeles, CA is selling in 96 days, 5116 Towne Ave has a days on market of 45 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 5116 Towne Ave Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5116 Towne Ave

Public county record property details
Beds
4
Baths
2
Year built
1929
Sq. Ft.
1,680
Lot Size
4,456
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
14,15
APN
5109-023-019

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$620,000
Median List Price/Sq.Ft.
$470
Median Sold Price
$543,077
Median Sold Price/Sq.Ft.
$393
Total Inventory
41
Median Sale to List Price %
94.45%
Avg Days on Market
18
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (40%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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